Schopfloch, Germany - HOMAG Group AG, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers increased its sales revenue in the first quarter of 2015 by 24 percent to € 254.3 million (prior year: € 204.8 million). Order intake at the Dürr Group affiliate increased by a good 10 percent to € 287.2 million (prior year: € 260.0 million), while order backlog rose to € 354.1 million as of March 31, 2015 (prior year: € 294.0 million).

“We remain on our growth trajectory at the start of 2015,” says CEO Ralph Heuwing as he summarizes the first three months of 2015. “We were especially successful in the system business with networked production and high levels of automation, an area that is gaining in importance.”

“And, in particular, we were also able to increase our earnings indicators proportionately faster in the process, thereby raising our profitability further,” CFO Franz Peter Matheis adds. The HOMAG Group's EBITDA before employee profit participation expenses rose by about 50 percent to € 22.6 million in the first quarter of 2015 (prior year: € 15.0 million), and EBIT after employee profit participation expenses more than doubled to € 11.5 million (prior year: € 5.6 million).

At the same time, the HOMAG Group was able to increase its net profit for the period after non-controlling interests to € 4.1 million (prior year: € 2.5 million). Headcount in the Group increased to 5,668 employees as of March 31, 2015 (prior year: 5,410 employees).

Outlook

The HOMAG Group has confirmed its forecast for 2015 and expects an order intake ranging between € 940 million and € 960 million. Looking at consolidated sales revenue, the company aims to generate between € 950 million and € 970 million, and increase EBITDA before employee profit participation expenses to between € 92 million and € 94 million. A consolidated net profit of between € 31 million and € 33 million is expected.

LIGNA

“We had a good start to the year and also anticipate a good performance at LIGNA, the world’s leading trade fair for our industry, which is currently being held in Hanover,” Heuwing looks ahead with optimism.

The HOMAG Group is taking part in the event as a market leader in the innovative topic of industry 4.0. It is demonstrating live in action a fully linked and fully automated networked furniture production line stretching more than 100 meters.

Yet again, the HOMAG Group is thereby setting standards in the woodworking industry. Under the slogan “Growing with the HOMAG Group”, a total of more than 60 machines will be presented on about 6,000 m² of exhibition space to cabinet makers and the woodworking industry.

EUR million 

Q1 2015

Q1 2014

 Order intake*

 287.2

 260.0

 Order backlog*

 354.1

 294.0

 Sales revenue

 254.3

 204.8

 EBITDA**

 22.6

 15.0

 Net profit for the period (after non-controlling interests)

 4.1

 2.5

Have something to say? Share your thoughts with us in the comments below.